2021 Plan of Finance Amortization slide image

2021 Plan of Finance Amortization

HAWAI Reserves and Liquidity The State Continues to Maintain Strong Reserves and Sizeable General Fund Ending Balances Millions Historical Fund Balances OF STATE O 1959 $2,000 $1,800 HHRF EBRF O General Fund Ending Balance $1,756.6 5% of Prior FY GF Revenues 10% of Prior FY GF Revenues 15% of Prior FY GF Revenues $1,600 $1,387.2 $1,400 $1,315.6 $1,303.9 $1,314.1 $1,241.9 $1,200 $1,249.9 $1,000 $893.8 $750.3 $752.1 $800 $1,027.8 $991.7 $600 $378.2 $375.7 $400 $319.5 $200 $100.9 $311.3 $58.9 $186.9 $182.1 $177.9 $183.8 $191.3 $187.2 $0 2016 2017 2018 2019 2020 2021 (1) Fiscal Year Emergency Budget and Reserve Fund ("EBRF") $345 million was transferred to the General Fund in FY 2020 ■FY 2021 ending balance of $319.5 million, which includes a $250 million increase from FY 2020 ■ Policy target at 10% of prior fiscal year revenues - FY 2021 EBRF balance was 3.86% of FY 2020 General Fund revenues Hawaii Hurricane Relief Fund ("HHRF") Fund was not used to balance the budget during COVID-19 FY 2021 market valuation of $187.2 million While not a formal budgetary reserve, HHRF remains available as a flexible liquidity source, if needed Investment income goes to the General Fund 14 (1) Unaudited.
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